They both have pluses and minuses... the tripod is useful, since it means you can pretty much set up anywhere - the other one is fine if you have a table to rest it on, which will probably be the case most of the time, but perhaps could be a problem if you want to take it on holiday or on a day trip etc.
The tabletop one is probably going to give you better results - it's a reflector, has a larger aperture, and a shorter focal length - all of which mean more light. While the other one is going to give you higher magnifications, magnification really counts for little if the final image is too faint (or too blurred) to see.
The 4mm eyepiece is probably going to be very difficult to get anything out of, especially for kids. The 20 mm should give good results, but won't be huge magnification. The Barlow (with the refractor telescope) will reduce light even further, and while giving 3x mag., it will also produce blur/edge effects. As the main review suggests,
a 10 mm eyepiece would be better than using the Barlow + 4mm eyepiece...
As such, this one may be a nice compromise, and still within budget...
http://www.amazon.com/dp/B002JNW734/?tag=gtplanet-20
It's a table top that can be stuck on a tripod too (apparently), but it also comes with a 10mm and a 20mm eyepiece - you can always add a Barlow (2x or 3x) later. Remember that any eyepieces you get/buy will be able to be used on any future purchases!
edit: Another consideration is that the first one (the refractor) should give you an upright image, meaning you can use it as a daytime scope too, whereas the reflector will produce inverted images (fine for astronomy, not good for daytime use!). As a result of the additional optics required to flip the image, the refractor will lose a bit of light, so as a purely astronomical scope, the reflector is the better choice.